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Abraham Michelson
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The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
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1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
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David Lawrence Birch

Real Estate, Lawsuit & Dispute, Estate, Accident & Injury

Status: In Good Standing Licensed: 51 Years

CONTACT

67 Edgewood Avenue, Larchmont, NY 10538

David A. Cannon

Commercial Real Estate, Commercial Leasing, Estate Planning, Joint Ventures

Status: In Good Standing Licensed: 38 Years

CONTACT

79 Hampton Rd, Scarsdale, NY 10583

David I. Grauer

Real Estate, Litigation, Government, Estate Planning

Status: In Good Standing Licensed: 48 Years

CONTACT

50 Main St, White Plains, NY 10606

David Neil Fogel

Estate

Status: In Good Standing Licensed: 34 Years

CONTACT

32 Top Of The Rdg, Mamaroneck, NY 10543

David Harris Dembitzer

Real Estate Other, Motor Vehicle, Estate Planning, Family Law, Estate

Status: In Good Standing

CONTACT

354 Mamaroneck Rd, Scarsdale, NY 10583

David Jay Parker

Medicare & Medicaid, State and Local, Estate Planning, Elder Law

Status: In Good Standing

CONTACT

222 Bloomingdale Rd, White Plains, NY 10605

Debra Michelle Kenyon

Estate, Business

Status: In Good Standing Licensed: 42 Years

CONTACT

1865 Palmer Ave, Larchmont, NY 10538

Donald Keith Sandford

Criminal, Motor Vehicle, Divorce & Family Law, Estate

Status: In Good Standing Licensed: 25 Years

CONTACT

296 Purchase Street, Rye, NY 10580

Edmund C. Grainger

Accident & Injury, Estate, Lawsuit & Dispute, Slip & Fall Accident

Status: In Good Standing Licensed: 48 Years

CONTACT

1311 Mamaroneck Avenue, White Plains, NY 10605

Edward Steven Saviano

Income Tax, Corporate Tax, Tax, Gift Taxation

Status: In Good Standing Licensed: 46 Years

CONTACT

2106 Boston Post Road, Larchmont, NY 10538

800-923-0641

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LEGAL TERMS

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

PROBATE COURT

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate cour... (more...)

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate court' in New York and several other states, this court normally examines the authenticity of a will -- or if a person dies intestate, figures out who receives her property under state law. It then oversees a procedure to pay the deceased person's debts and to distribute her assets to the proper inheritors. See probate.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

TITLE COMPANY

A company that issues title insurance.

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

GRANT DEED

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as descri... (more...)

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as described in the deed. This is the most commonly used type of deed. Compare quitclaim deed.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

SAMPLE LEGAL CASES

Step-Murphy, LLC v. B&B Brothers Real Estate Corp.

In 1986 Markatos Realtors, Inc. (hereinafter Markatos), Rutger's immediate predecessor in interest, along with Brookside Park Properties, Inc., the defendant's predecessor in interest, executed a written indenture providing, among other things, for mutual easements designating 12 ...

Colasacco v. Robert E. Lawrence Real Estate

In October 2002 the defendant Christopher DiCorato, a real estate agent employed by the defendant Robert E. Lawrence Real Estate (hereinafter Lawrence, and hereinafter together the defendants), met with the plaintiffs and showed them a parcel of vacant property that was ...

Kerusa Co. LLC v. W10Z/515 Real Estate Ltd. Partnership

In any event, plaintiff fails, as a matter of law, to demonstrate any injury for which it is entitled to hold defendant sponsors liable. Although the purchase agreement obligated defendant sponsors to provide plaintiff with a building and unit constructed "in a good and workman-like ...

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Mamaroneck Estate Lawyer, New York, page 5

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

David Lawrence Birch

David A. Cannon

David I. Grauer

David Neil Fogel

David Harris Dembitzer

David Jay Parker

Debra Michelle Kenyon

Donald Keith Sandford

Edmund C. Grainger

Edward Steven Saviano

TIPS

LEGAL TERMS

RULE AGAINST PERPETUITIES

PROBATE COURT

GROSS ESTATE

PUBLIC ADMINISTRATOR

TITLE COMPANY

GENERATION-SKIPPING TRUST

GRANT DEED

ACCUMULATION TRUST

RESIDUARY ESTATE

SAMPLE LEGAL CASES

Step-Murphy, LLC v. B&B Brothers Real Estate Corp.

Colasacco v. Robert E. Lawrence Real Estate

Kerusa Co. LLC v. W10Z/515 Real Estate Ltd. Partnership

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